April 17, 2008 - 08:17 a.m. MINNEAPOLIS (AP) - Supervalu says its profit jumped 30 percent in the fourth quarter from lower interest expenses and a slight boost in sales. The grocer says earnings rose to $156 million, or 73 cents per share, from $120 million, or 57 cents per ploughshare in the year-ago quarter. Supervalu Inc. says it earned 77 cents per share excluding acquisition costs. Thomson Financial says analysts expected 71 cents per share. ...
Global demand boosts United Technologies 1st-quarter earnings 26 pct
Apr 17 2008
April 17, 2008 - 08:13 a.m. HARTFORD, Conn. (AP) - United Technologies Corp., which makes Otis elevators, Sikorsky helicopters and Carrier air conditioners, said Thursday its first-quarter earnings rose 26 percent as the weak dollar boosted profits throughout the business. The Hartford-based industrial conglomerate earned $1 billion, or $1.03 per share, in the quarter, up from $819 million, or 82 cents per share a year earlier. Analysts expected $1.01 per share, according to a Thomson Financial ...
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House passes one-week farm law extension as lawmakers squabble over tax breaks
Apr 17 2008
Mary Clare Jalonick April 17, 2008 - 08:12 a.m. WASHINGTON (AP) - The House passed a one-week extension of current farm law Wednesday, hoping to give Congress more time to finish a multibillion-dollar farm bill that is stalled by a dispute over tax breaks. Negotiations on the roughly $280 billion, five-year bill to expand agriculture and nutrition programs are in disarray with lawmakers from the House and Senate squabbling over how to pay for ...
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Correction: Plastics chemical story
Apr 17 2008
April 17, 2008 - 08:11 a.m. WASHINGTON (AP) - In an April 15 story about a potentially hazardous substance in baby bottles and other plastic containers, The Associated Press reported erroneously that New Jersey lawmakers passed a bill banning products containing the chemical bisphenol A. Lawmakers have only introduced the bill.
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Sonoco Products posts lower 1st-quarter profit on charges; adjusted results beat expectations
Apr 17 2008
April 17, 2008 - 08:11 a.m. HARTSVILLE, S.C. (AP) - Sonoco Products Co., which makes packaging products for consumer goods, said Thursday that charges tugged down first-quarter profit, but adjusted results topped expectations. Sonoco's proceeds dropped to $13.3 million, or 13 cents per share, from $53.1 million, or 52 cents per share, a year earlier. When adjusted to exclude a charge of 31 cents per share for remaining financial interest on the sale of its film ...
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